ValuEngine cut shares of WESCO International, Inc. (NYSE:WCC) from a buy rating to a hold rating in a research note published on Tuesday.

Several other research firms also recently issued reports on WCC. UBS AG boosted their price objective on shares of WESCO International from $55.00 to $65.00 and gave the stock a neutral rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of WESCO International from a buy rating to a hold rating in a research report on Wednesday, November 1st. Robert W. Baird reissued a hold rating and set a $67.00 price target on shares of WESCO International in a research note on Friday, October 27th. Wolfe Research downgraded shares of WESCO International from an outperform rating to a market perform rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company upped their target price on shares of WESCO International from $67.00 to $75.00 and gave the company an outperform rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $68.38.

Shares of WESCO International (NYSE:WCC) traded down $0.45 on Tuesday, reaching $60.70. 133,140 shares of the company traded hands, compared to its average volume of 517,454. The company has a market cap of $2,914.12, a P/E ratio of 16.06, a PEG ratio of 1.60 and a beta of 1.95. WESCO International has a 12-month low of $48.95 and a 12-month high of $76.15. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 26th. The technology company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. equities research analysts forecast that WESCO International will post 3.87 EPS for the current year.

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A number of large investors have recently bought and sold shares of WCC. Janney Capital Management LLC acquired a new position in shares of WESCO International in the 2nd quarter worth approximately $202,000. D.A. Davidson & CO. lifted its position in shares of WESCO International by 32.0% in the 2nd quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock worth $204,000 after purchasing an additional 866 shares during the period. Quantbot Technologies LP acquired a new position in shares of WESCO International in the 2nd quarter worth approximately $238,000. OppenheimerFunds Inc. lifted its position in shares of WESCO International by 14.3% in the 1st quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock worth $348,000 after purchasing an additional 626 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of WESCO International in the 3rd quarter worth approximately $502,000. Institutional investors and hedge funds own 96.97% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Analyst Recommendations for WESCO International (NYSE:WCC)

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